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>Even Bitcoin has much of the same issues, imagine if the U.S. gov blacklisted your wallet and anyone doing business with a given address would be arrested... t
by elevenoh 5y ago
>Even Bitcoin has much of the same issues, imagine if the U.S. gov blacklisted your wallet and anyone doing business with a given address would be arrested... the end results would be the same.
This is a widely held view, yet deeply misguided. A bitcoin is a bitcoin. A single account to account transfer means a disconnect & plausible deniability for the recipient.
This claim does not hold up legally.
Just as you earn & are free to use USD that was illegally used at one point.
- lmm 5y agoYou can't freely use money that is, on the preponderance of evidence, proceeds of crime. If you ask me that's true of all bitcoin (or rather, all USD that's the proceeds of selling bitcoin), since while there are plenty of speculators moving money around, most of the money coming into the system (i.e. the part that makes the bitcoin price higher than 1/50000 pizzas) is from scams, drug deals, or scam drug deals.